Page 9 - Cyber Fraud

Govt working to prevent international spoof calls deceiving Indian citizens

The Indian Cyber Crime Coordination Centre and the Department of Telecommunications are collaborating to block the influx of overseas spoof calls that falsely alleging digital arrests

Indians lose Rs 7,061.51 cr to cybercrime in 4 months: All you need to know

The Indian Cyber Crime Coordination Centre (I4C) reveals that a significant chunk of these frauds originate from Cambodia, Myanmar, and Laos

Indian banking industry increases their cyber insurance cover in FY24

The cyber insurance claims ratio by the banking industry in India has increased to over 50 per cent in the financial year 2022-23 compared to 40 per cent in the financial year 2021-22

RBI plans curbs on suspect bank accounts to fight cyber fraud: Report

The suspensions would target accounts frequently misused to transfer funds gained from cyber crime, both government sources said

OTP fraud: How govt, SBI Card, telcos are joining hands to fight the menace

OTP fraud exploits the security feature designed to protect online transactions - One Time Passwords (OTPs). Find out how fraudsters operate and what the government is doing to stop them

Bank OTP frauds on the rise: Here's what govt is doing to tackle it

The govt is currently testing a system that will allow banks to securely track a customer's registered address and geolocation to ensure the secure delivery of OTPs

Scammer gives online security advice to man on WhatsApp; Paytm MD reacts

The scammer admitted that they send APK files to users, which, once downloaded, can give them access to all incoming messages, including OTPs

Apple Lockdown mode: What is it, and how it prevents spyware attacks

Only users who perceive themselves as potential targets should use the feature, says company

Apple warns users in India, 91 other nations of 'mercenary spyware' attack

The threat notification by Apple said that it had detected that users were 'being targeted by a mercenary spyware attack that is trying to remotely compromise the iPhone'

Cambodia fake job scam explained: Over 5k Indians coerced into cybercrimes

The Indian Embassy has rescued 250 victims of illegal cyber work scam in Cambodia over the last three months. Here is everything you need to know about fake job scam

RBI to set up Digital India Trust Agency to check illegal lending apps

As part of its efforts to curb growing cyber fraud, the Reserve Bank is considering establishing a Digital India Trust Agency (DIGITA) to stop the mushrooming of illegal lending apps. The proposed agency will enable verification of digital lending apps and maintain a public register of verified apps, sources said. Apps not carrying the 'verified' signature of DIGITA should be considered unauthorised for the purpose of law enforcement, sources said, adding that this will serve as a pivotal checkpoint in the fight against financial crimes in the digital realm. DIGITA, once in place, would be entrusted with the responsibility of vetting digital lending apps, they noted. According to sources, a thorough verification process would help instil greater transparency and accountability within the growing digital lending sector, which has witnessed a surge in fraudulent activities and unscrupulous practices in recent times. Meanwhile, the Reserve Bank of India has shared a list of 442 uniqu

Norton unveils dark web monitoring tool for protection from identity theft

Norton, a leading software security provider and part of the Nasdaq-listed Gen, on Tuesday launched its Dark Web Monitoring solutions Norton 360 Premium, aimed at protecting consumers from identity theft, a top official said. With the Dark Web Monitoring services, the software monitors and alerts consumers if their personal information has been shared on the Dark Web and allows them to take action on the issue. "This innovative addition to our security package enables customers to proactively protect their digital identities in a time when cyber dangers are always present," Gen India, Director Ritesh Chopra said. According to company officials, the Dark Web comprises of small part of the internet where anonymity comes with a price and nefarious activities are conducted including the exchange of illegal goods and information. "We keep an eye out for any hacks, compromised credentials, and illegal activity by continuously searching the shadowy corners of the internet. This way, we ca

Need to train more officials to prevent, detect cyber crimes: Mumbai Police

Mumbai Police Commissioner Vivek Phansalkar on Wednesday said there was an urgent need to train as many police officials as possible to investigate and prevent cyber crimes. He was speaking at a training workshop organised for Mumbai Police's 'Cyber Commandos'. On the occasion, the police introduced 'Cyber Commandos' trained for prevention and detection of cases related to cyber crime and also unveiled a poster of helpline 1930. Addressing the officials who underwent training, Phansalkar in the last two years, there has been an increase in cyber frauds and cases of sextortion, identity theft, phishing and cheating. Such cases lead to both financial and reputational damage, he said. Considering the threat of crime in the cyber space, every head constable working at a police station has to be computer and digital literate, said the senior IPS officer. "In the next phase, the Mumbai Police will train station house officers and other policemen on cyber crime investigation," he said.

Around 1.1 million financial fraud cases registered in 2023, shows data

Uttar Pradesh was at the top with around 200,000 cases, the highest across 36 states and union territories. Next was Maharashtra with 130,000 complaints reported, followed by Gujarat (120,000)

RBI urges public to be cautious of fraud in the name of KYC update

The regulator asked customers to lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through the cybercrime helpline (1930) in case of financial cyber frauds

IndiGo Scam: Noida man loses 8 tickets worth Rs 72,600 after sharing PNR

A software engineer lost eight tickets worth Rs 72,600 as he shared his PNR with an airline trainee. The company refunded after he informed IndiGo about the scam

Fintech association launches awareness campaign about cyber fraud

Spotting fake lending apps and reporting online financial fraud will be part of Fintech Suraksha

Cyber attack cases on Indian cos rise 15%, 2nd highest in Apac: Report

The number of cyber attack cases in India increased by 15 per cent per week on an average in 2023, trailing only Taiwan in the Asia Pacific region, cyber security firm Check Point said on Monday. Organisations across the globe experienced an average of 1,158 weekly cyber attacks each, which was a 1 per cent increase in the number of incidents compared to that in 2022. "In 2023 India received 2,138 weekly attacks per organisation, which is a 15 per cent surge since 2022. Within APAC, India emerges as the second most targeted nation with 2,138 weekly attacks per organization, trailing only behind Taiwan's 3,050 incidents," Check Point said. Within APAC, India experienced the second highest surge in attacks at 15 per cent, following Korea's 21 per cent increase since 2022, according to the report. "Regionally, APAC led with the highest average number of weekly attacks, with an average of 1,930 attacks per organization, a 3 per cent increase compared to last year, while Africa witnesse

MHA think tank alerts against 'hijack', sextortion scams on WhatsApp

A police think tank that functions under the union home ministry has issued an advisory and alert against a variety of scams that take place on popular social media messaging platform WhatsApp leading to cyber crimes and financial frauds. The Bureau of Police Research and Development (BPRD) has identified seven types of such frauds that includes tricking through missed calls, video calls, in the name of job offers and investment plans, impersonation, hijacking and screen share. As part of the 'hijacking' scam, the eight page advisory-cum-alert said, the scammers take unauthorised access to the victim's WhatsApp (WA) account and request money from their contacts. "Some people also witnessed WhatsApp video calls from unknown numbers. These were basically sextortion-based nude video calls which were then used to threaten the user." "The hackers blackmail the user and ask for money in return," the BPRD said in the communication accessed by PTI. The BPRD is a think tank on policing ...

UP Police tightens vigilance as cyber fraud surge ahead of Ram temple event

Police in Uttar Pradesh have been instructed to increase vigilance amid a surge in cyber criminals trying to cheat people through false messages claiming to collect donations for Ram Janmabhoomi, besides providing free prasad and VIP passes ahead of the Ram temple event, officials said on Sunday. They said the government has sprung into action and is taking proactive measures to address and counteract these malicious activities as the state prepares for the January 22 consecration ceremony in Ayodhya. Circle Officer, Ayodhya, Shailendra Singh said police in the city recently arrested an Indian-American citizen involved in cheating people using similar means. The person was allegedly offering home delivery of Shri Ram Janmabhoomi Pran Pratistha 'prasad' for Rs 51 to citizens of Indian origin and for USD 11 to citizens of other countries through websites and social media, he said. The accused was also selling T-shirts, silver coins and other merchandise themed on 'Shri Ram'. The man